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Around $20bn of catastrophe bond issuance possible, market growth could soar

The stage is being set for what could be the most significant year of growth the catastrophe bond asset class has ever experienced, as forecasts that new issuance could approach $20 billion suggest outright cat bond market growth of more than $8 billion is possible in 2024.

Global asset manager GAM Investments has forecasted that catastrophe bond issuance could be around the $20 billion mark in 2024, which would result in the biggest increase in the size of the outstanding cat bond market ever.

We’ve spoken with some sources on the origination and broking side of the cat bond market, who are also anticipating that earlier forecasts for between $15 billion and $16 billion of new issuance may have been underdone.


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